The cryptocurrency market capitalization (or crypto market cap) is a metric used to determine the total value of a cryptocurrency. It is calculated by multiplying the current price of a cryptocurrency by its circulating supply.

Here’s the formula:

\text{Market Cap} = \text{Current Price} \times \text{Circulating Supply}

Explanation:

1. Current Price: The price of one unit of the cryptocurrency at the moment.

2. Circulating Supply: The number of coins or tokens that are currently in circulation and accessible to the public.As of December 25, 2024, the global cryptocurrency market capitalization is approximately $3.42 trillion, reflecting a 3.45% increase over the last day.

Bitcoin (BTC) continues to lead the market with a capitalization of around $1.9 trillion, accounting for about 55.2% of the total market value.

Here are the current prices and market capitalizations of some of the top cryptocurrencies:

Bitcoin (BTC): $98,214.00, up 3.97% from the previous close.

Ethereum (ETH): $3,491.27, up 2.20% from the previous close.

BNB (BNB): $703.16, up 1.56% from the previous close.

XRP (XRP): $2.30, up 1.77% from the previous close.

Cardano (ADA): $0.926777, up 1.44% from the previous close.

Dogecoin (DOGE): $0.33411, up 3.41% from the previous close.

Solana (SOL): $199.12, up 4.11% from the previous close.

Polkadot (DOT): $7.47, up 2.19% from the previous close.

Litecoin (LTC): $108.65, up 1.71% from the previous close.

Bitcoin Cash (BCH): $465.79, up 1.06% from the previous close.

Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. It's advisable to consult real-time data and conduct thorough research before making investment

Types of Market Cap:

Large-cap cryptocurrencies: Cryptos with a market cap of over $10 billion (e.g., Bitcoin, Ethereum). These are considered more stable investments but with slower growth potential.

Mid-cap cryptocurrencies: Between $1 billion and $10 billion. These offer more growth potential but also come with higher risk.

Small-cap cryptocurrencies: Market cap under $1b